MIND C.T.I. Ltd. (NASDAQ:MNDO) Sees Large Increase in Short Interest

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 17,611 shares, an increase of 1,135.0% from the February 12th total of 1,426 shares. Based on an average daily volume of 25,431 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 25,431 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, MIND C.T.I. has a consensus rating of “Hold”.

MIND C.T.I. Stock Down 3.2%

Shares of MIND C.T.I. stock traded down $0.04 on Tuesday, reaching $1.20. The stock had a trading volume of 116,516 shares, compared to its average volume of 34,080. The stock has a market capitalization of $24.44 million, a P/E ratio of 9.23 and a beta of 0.54. The company has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.17. MIND C.T.I. has a 1 year low of $0.98 and a 1 year high of $2.12.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Tuesday, March 10th. The information technology services provider reported $0.05 EPS for the quarter. The company had revenue of $4.89 million during the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.

Institutional Trading of MIND C.T.I.

A number of hedge funds and other institutional investors have recently made changes to their positions in MNDO. Jane Street Group LLC acquired a new stake in MIND C.T.I. in the 1st quarter valued at $37,000. Signal Advisors Wealth LLC acquired a new stake in shares of MIND C.T.I. in the fourth quarter valued at about $41,000. Finally, Glenorchy Capital Ltd increased its stake in shares of MIND C.T.I. by 9.1% during the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after purchasing an additional 22,808 shares in the last quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.